North Macedonia: Monetary freedom

* indicates monthly or quarterly data series
 North Macedonia

Monetary freedom index (0-100)

 Latest value 64.60
 Year 2024
 Measure points
 Data availability 2002 - 2024
 Average 81.53
 Min - Max 64.60 - 90.70
 Source The Heritage Foundation
The latest value from 2024 is 64.6 points, a decline from 75 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for North Macedonia from 2002 to 2024 is 81.53 points. The minimum value, 64.6 points, was reached in 2024 while the maximum of 90.7 points was recorded in 2007. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
North Macedonia - Monetary freedom - Recent values chart

Historical series
North Macedonia - Monetary freedom - historical chart - 2002-2024




The Monetary Freedom index for North Macedonia from The Heritage Foundation reflects the stability of prices in North Macedonia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Property rights 59 2024 points
 Freedom from corruption 41 2024 points
 Fiscal freedom 38 2024 points
 Business freedom 70 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 64.60 2024 points
 Trade freedom 78 2024 points
 Investment freedom 65 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 61 2024 index points
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